Oakland Roots and Soul SC have partnered with Wefunder for the upcoming Community Investment Round campaign set to launch in the coming months. Wefunder has a proven track record of supporting the crowdfunding efforts of multiple men’s and women’s soccer clubs at both the professional and amateur levels.
“We’re delighted to be working with Wefunder on this historic initiative for the club,” said Oakland Roots & Soul Chief Purpose Officer Mike Geddes. “We believe they are the best partner we could find to make our Community Round accessible and successful for everyone.”
Wefunder was launched in 2011-12 and is now a market leader in crowdfunding with over $5 billion having been invested in startups that ran campaigns on the platform. Wefunder has successfully worked with USL W League and USL Championship clubs in the past including Minnesota Aurora and Detroit City FC.
“At Wefunder, we believe in letting companies’, fans, and supporters invest in themselves. This applies to sports teams as well as coffee shops and tech startups,” said Jake Suggs, Wefunder Head of Launch. “The Green Bay Packers have the most ardent fanbase in the entire NFL, and we believe it’s because the Packers are owned by the fans. We’re delighted that more sports teams are committed to opening up ownership to their fans through a community round on Wefunder.”
In the coming weeks, Oakland Roots and Soul SC will share more information including details around the launch of the campaign.
Sign-up to stay up to date and fill out the survey for feedback.
FAQs:
What is a Community Round?
A Community Round is an investment fundraising event where we open up the opportunity for our local community to invest in the Oakland Roots and Soul Sports Club. This allows you to become a part-owner of the team and directly participate in our success.
Who can participate in the Community Round?
Anyone above the age of 18 or older can participate in the Community Round. This is not limited to Oakland Roots and Soul fans, we encourage anyone who believes in our vision and mission to participate.
Why should I consider investing in Oakland Roots?
Investing in the Oakland Roots and Soul through the Community Round is more than a financial investment. It’s a chance to support the future of men’s and women’s pro soccer in Oakland, foster community engagement and be a part of the team’s growth and success. As an investor, you will have a stake in the team and its future.
How much do I need to invest?
Minimum investments start at just $100.
What are the potential returns on my investment?
As part of the Oakland Roots and Soul investor group, you will have a financial stake in the club’s success. We have big ambitions – growing a global brand in sport, fashion, music, and the arts; building a large and diverse fanbase; becoming an anchor institution In Oakland with facilities to match; making an impact in Oakland and beyond; and winning championships on the field. We believe that meeting those goals will create value in the club.
The most likely ways that increased value would result in an investment return would be through (1) the acquisition of the club, (2) selling your equity, either to existing investors or through a buy-out by new investors. However, these outcomes are not guaranteed and will depend on many factors, including the overall performance of the team and the financial health of the organization.
How can I invest in the Community Round?
Once the round is open, you can invest through Wefunder, which will guide you through the process step-by-step. If you need assistance during the process, our support team will be available to help. More information will be released on this subject soon.
Can I sell my shares?
The terms and conditions regarding the selling of shares will be detailed in the investment documentation provided during the Community Round. Usually, there are limitations on when and how you can sell your shares.
Where can I get more information about this investment opportunity?
More information about the Community Round, including detailed investment documentation, will be available on our website and through our communications channels. We also encourage potential investors to seek advice from financial advisors or professionals to fully understand the opportunity and risks.
When will the Community Round go live?
Stay tuned for more information. We look forward to launching the campaign in the coming months. Sign-up and complete our survey to stay up-to-date throughout the process.
